Asian Paints Ltd

Asian Paints Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Asian Paints Ltd

₹ 2,298 0.63%
15 May 12:14 p.m.
asianpaints.com BSE: 500820 NSE: ASIANPAINT
About

Asian Paints is the largest home decor company in India. The 80+yr old company has major brands like Asian Paints, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows.

Key Points

Business Segments

Website BSE NSE
  • Market Cap ₹ 2,20,424 Cr.
  • Current Price ₹ 2,298
  • High / Low ₹ 3,395 / 2,125
  • Stock P/E 57.1
  • Book Value ₹ 198
  • Dividend Yield 1.46 %
  • ROCE 27.3 %
  • ROE 20.6 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
  • Company has been maintaining a healthy dividend payout of 62.1%

Cons

  • Stock is trading at 11.6 times its book value
  • The company has delivered a poor sales growth of 11.4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Paints/Varnish Industry: Paints / Varnishes

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
6,760 7,586 7,344 7,522 7,626 8,114 7,342 7,913 7,577 7,882 6,868 7,418 7,192
5,397 6,124 6,229 6,027 5,878 6,114 5,757 6,016 6,023 6,289 5,746 5,909 5,868
Operating Profit 1,363 1,463 1,116 1,495 1,748 2,000 1,585 1,897 1,554 1,593 1,122 1,509 1,324
OPM % 20% 19% 15% 20% 23% 25% 22% 24% 21% 20% 16% 20% 18%
35 114 117 162 125 217 172 238 197 226 -18 227 -42
Interest 14 20 24 25 25 26 28 31 33 30 39 35 34
Depreciation 181 184 189 189 194 172 179 190 196 196 207 224 269
Profit before tax 1,203 1,372 1,020 1,443 1,654 2,018 1,551 1,914 1,522 1,592 858 1,476 979
Tax % 25% 26% 25% 25% 25% 25% 25% 25% 21% 25% 30% 25% 29%
900 1,017 763 1,086 1,234 1,508 1,160 1,444 1,209 1,192 602 1,104 694
EPS in Rs 9.38 10.61 7.96 11.32 12.86 15.73 12.10 15.05 12.61 12.43 6.28 11.51 7.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
9,936 11,110 11,830 12,647 14,168 16,392 17,194 18,517 25,189 30,078 30,850 29,553
8,216 9,095 9,415 9,973 11,242 12,885 13,337 14,024 20,601 24,258 23,820 24,000
Operating Profit 1,719 2,015 2,415 2,674 2,926 3,507 3,857 4,493 4,588 5,820 7,030 5,552
OPM % 17% 18% 20% 21% 21% 21% 22% 24% 18% 19% 23% 19%
225 173 249 300 275 285 324 366 398 518 825 391
Interest 29 31 27 22 24 81 78 72 70 93 115 144
Depreciation 212 223 235 295 311 541 690 697 722 756 734 902
Profit before tax 1,703 1,934 2,403 2,657 2,866 3,170 3,413 4,090 4,194 5,490 7,005 4,897
Tax % 31% 31% 32% 32% 34% 33% 22% 25% 25% 25% 24% 27%
1,169 1,327 1,623 1,802 1,895 2,132 2,654 3,052 3,135 4,100 5,322 3,585
EPS in Rs 12.19 13.84 16.92 18.78 19.75 22.23 27.67 31.82 32.68 42.75 55.48 37.37
Dividend Payout % 43% 44% 44% 55% 44% 47% 43% 56% 59% 60% 60% 66%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 5%
TTM: -4%
Compounded Profit Growth
10 Years: 11%
5 Years: 8%
3 Years: 7%
TTM: -27%
Stock Price CAGR
10 Years: 12%
5 Years: 8%
3 Years: -9%
1 Year: -19%
Return on Equity
10 Years: 27%
5 Years: 26%
3 Years: 26%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 96 96 96 96 96 96 96 96 96 96 96 96
Reserves 3,505 4,134 5,830 6,999 7,702 8,747 9,357 11,993 13,253 15,490 18,329 18,888
48 40 36 39 11 614 663 648 714 892 1,168 1,199
3,071 3,004 2,764 3,224 3,778 4,226 3,471 4,843 5,845 6,052 6,388 6,471
Total Liabilities 6,720 7,274 8,725 10,358 11,588 13,683 13,588 17,581 19,908 22,530 25,982 26,653
2,012 1,965 2,629 2,605 2,569 5,221 4,961 4,763 4,554 4,643 5,360 7,931
CWIP 38 140 93 220 1,392 179 108 119 225 978 2,561 386
Investments 1,671 1,894 2,797 2,914 2,577 2,964 2,658 5,179 3,811 4,912 5,705 6,044
2,999 3,275 3,207 4,620 5,050 5,318 5,861 7,519 11,318 11,997 12,356 12,293
Total Assets 6,720 7,274 8,725 10,358 11,588 13,683 13,588 17,581 19,908 22,530 25,982 26,653

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,371 1,144 1,980 1,420 2,136 2,395 2,813 3,459 1,260 4,222 5,738 4,166
-618 -292 -863 -584 -1,371 -833 -775 -436 -340 -1,397 -2,263 -832
-560 -728 -704 -956 -1,239 -1,089 -2,501 -583 -1,989 -2,185 -2,974 -3,416
Net Cash Flow 194 124 413 -120 -474 473 -462 2,440 -1,069 640 500 -82

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 26 24 23 29 29 28 24 36 42 42 43 39
Inventory Days 121 122 106 141 117 117 127 133 143 120 121 127
Days Payable 109 89 88 107 99 94 79 120 95 69 77 68
Cash Conversion Cycle 38 57 42 62 47 51 72 49 91 93 87 99
Working Capital Days -2 7 14 31 25 23 42 44 70 64 61 100
ROCE % 50% 49% 47% 41% 39% 37% 36% 36% 32% 36% 39% 27%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63% 52.63%
18.51% 18.56% 18.11% 17.02% 17.48% 17.65% 17.32% 15.89% 15.27% 15.28% 13.61% 12.23%
8.42% 8.74% 9.16% 9.96% 10.01% 10.01% 10.52% 11.61% 12.30% 13.10% 13.98% 15.51%
0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
20.37% 19.99% 20.02% 20.32% 19.82% 19.64% 19.44% 19.78% 19.68% 18.88% 19.66% 19.51%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.06% 0.05% 0.05% 0.05%
No. of Shareholders 10,11,4479,11,6809,79,33110,82,6509,97,4559,85,2169,75,31911,05,32611,11,6019,75,80711,92,87612,13,836

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls